ALM Manager

About the role

The ALM Manager will own the Bank's first-line asset and liability management and interest rate risk management framework. This role involves leading the implementation and operation of the ALM platform, developing behavioral assumptions, and translating model results into balance sheet and risk-management recommendations. The manager will partner with cross-functional teams to support a resilient and well-managed balance sheet.

Responsibilities

• Own the Bank's asset and liability management and interest rate risk measurement framework, including net interest income simulation, economic value of equity sensitivity, and repricing gap analysis.
• Lead implementation, configuration, and ongoing administration of the Bank's ALM platform, including data mapping, reconciliations, and vendor coordination.
• Develop, document, and evaluate behavioral and market assumptions such as deposit betas, loan prepayments, and yield curves.
• Design and evaluate various rate shock and business-plan scenarios to identify risk drivers and monitor limits.
• Recommend balance sheet, product pricing, funding, and hedging actions to manage interest rate risk.
• Prepare ALM and IRR reporting for executive management, the Board, and regulators.

Required skills

• Asset and Liability Management
• Interest Rate Risk Management
• Balance Sheet Management
• Financial Modeling
• ALM Platform Operation

Nice to have

• SQL
• Fixed-rate consumer lending
• Derivatives
• Funds transfer pricing
• Hedging analysis

Qualifications

• Bachelor's degree in Finance, Accounting, Economics, Business, Mathematics, Statistics, or a related field
• Equivalent practical experience

Certifications

• CFA
• FRM

Benefits

• Medical, dental, and vision insurance
• 401(k) with company match
• Employee Stock Purchase Plan
• Life insurance
• Disability coverage
• Paid time off
• Paid family and parental leave
• Annual wellness allowance
• Annual productivity allowance

About the Company

Upstart is an AI lending marketplace that partners with banks and credit unions to expand access to affordable credit. The company uses advanced AI and over 3,000 signals to power smarter, fairer lending decisions.